LITTLE ROCK, Ark. (KTHV) - You spend a lifetime working hard and saving for goals like buying a house, retiring and sending your kids to college.
Most experts recommend hiring a financial adviser to help you reach those goals, but how do you find someone you can trust?
Financial expert Barry Corkern says there are five questions you should ask your financial advisor:
- 1. What is the scope of the engagement? What should I expect from this relationship? A financial plan? A retirement plan?
- 2. What is your experience and education to provide these services?
- 3. What are the sources of your income? Are you paid commissions or fees from my account? Do you get referral fees from insurance agents, real estate agents or other advisors introduced to me by you?
- 4. Does your employer manufacture the financial products and services you sell to me?
- 5. How do I end the relationship if I am dissatisfied with your work?
THV's Tom Brannon sat down with Corkern to learn more about finding the right advisor to fit your life. Click on the THVideo!